The retailer plans to open nine locations across D.C., Dallas and Chicago this year following $42M in Series B funding.
Foxtrot is a combination between an upscale corner store and café. The app-based purchasing system makes the entire Foxtrot inventory available for delivery in under an hour. The new D.C. store features a high-performance coffee bar along with an extensive wine selection and all-day café which boasts a menu filled with seasonal foods.
The new $42M funding round was led by Almanac Insights and Monogram Partners. Other backers include David Chang, Founder of Momofuku; Nicolas Jammet, Co-Founder and Chief Conecpt Office of Sweetgreen; and Walter Robb, former CEO of Whole Foods.
“With this new round of funding and an incredibly strong executive team now fully in place, we see 2021 as a year of tremendous growth for Foxtrot. We have built a business that marries the local approach of a corner store with the convenience of e-commerce,” commented Mike LaVitola, Chief Executive Officer and Co-Founder
“We know how our stores operate best and in which markets, which is where we’ll be going deep with our expansion efforts next,” he concludes.
